Amazing, whilst the smart guys in the room were shorting the crap out of these companies (AMP and LYC), given their high risk outlook, these risk-managementless geniuses were going long.
They clearly don't understand the markets, just as they thought the bull market should have ended years ago, they think the risk on these 2 companies was already priced in long ago.
Ann: Change in Portfolio Value, page-10
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